Mixed-use complex in the center of Wuppertal, North Rhine-Westphalia, Germany

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Mixed-use complex in the center of Wuppertal, North Rhine-Westphalia, Germany

29,000,000 €
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  • Yield
    5.77%
  • Rental rate (m²/month)
    12 €
  • Built in 
    1930
Details
Property parameters
  • Leasable area: 11,500 m²
  • Land area: 8,000 m²
  • Number of parking lots: 460
Financial performance
  • Annual income: 1,672,636 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 6.0% + VAT

Description

The complex with a leasable area of about 11,500 m² consists of 5 buildings with office spaces, a shopping mall and a hotel.

There is an underground parking for 70 cars, a covered parking for 360 cars, and an outdoor parking for 30 cars.

The plot area is about 8,000 m².

Financial performance

The annual income is 1,672,636 €.

The yield is 5.77%.

Tenants

The property is fully let.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 6.5%.

Brokerage fee is 6% + VAT 19% (total 7.14%).

Location and nearby infrastructure

The property is located in Wuppertal, in the federal state of North Rhine Westphalia. The population of Wuppertal is more than 350,000 people. There are shops, cafes and restaurants, a railway station and public transport stops a few minutes walk away.

Wuppertal is well connected to German motorways. The northern part of the city leads from Düsseldorf to A 46 motorway, which crosses A 1 between Cologne and Dortmund in the east of the city at the Wuppertal-Nord junction.

Düsseldorf International and Cologne/ Bonn Airports are a 30–40 minute drive away. Dortmund Airport is a 45-minute drive away. These airports have both national and international scheduled flights.

Wuppertal is also connected to the railway network via the Düsseldorf-Elberfeld railway line and the Elberfeld-Dortmund railway line. There is a direct connection to Düsseldorf via S-Bahn – just 20 minutes en route.

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If this ad doesn't suit you, have a look at the other shopping centers for sale in Wuppertal.

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